(Closed) What kind of loans do you have?

posted 6 years ago in Money
  • poll: What type of loan do you have for school?
    Federal Pell Grant : (13 votes)
    18 %
    Subsidized Loan : (30 votes)
    42 %
    Unsubsidized Loan : (21 votes)
    29 %
    Other... (explain) : (8 votes)
    11 %
  • Post # 3
    9917 posts
    Buzzing Beekeeper
    • Wedding: June 2013

    I have all four!  I went to private graduate school, and since I had to do student teaching during the day and had classes at night, I had to take out loans for living expenses.  OH WELL!  No one can take my education away from me.  

    If you can avoid private loans, I’d do so…who knows?  Maybe the Occupy Wallstreeters will get their way and student loans will be forgiven.  HA.  Yeah right.  It would be nice, though.

    Post # 4
    12974 posts
    Honey Beekeeper
    • Wedding: November 1999

    Primarily subsidized, and a few unsubsidized.  I don’t regret them at all.  I pay the unsubsizied off now, since they’re technically deferred because I’m in school, so the interest is accuring slower than my principal is going down!

    Post # 5
    3471 posts
    Sugar bee
    • Wedding: July 2012 - The Gables Inn, Santa Rosa, CA

    I have private student loans, I would have much preferred federal loans because of the lower interest rates, but at the time that option wasn’t available to me.  Yay 10% interest! 

    Post # 6
    4466 posts
    Honey bee
    • Wedding: June 2010

    All of them.  I took the amount of federal loans I qualified for, which wasn’t much, and the rest in private.

    I guess I wish I would have done it differently, because the interest on my private loans is horrible.  But I did not feel like I had a choice at the time. 

    ETA: I worked through school as well, but I couldn’t put that money towards my tuition.  I needed it for gas, food, living expenses, etc.

    Post # 7
    4352 posts
    Honey bee
    • Wedding: August 2013

    Add one for “from family.” I paid for a portion of school, but I paid it directly to my parents and they paid the school. They wanted me to “own” my education, so they had me pay a percentage even though they could cover it. So I didn’t qualify for loans from the government and they loaned me what I couldn’t pay right away. I worked my way through school and plan on having them completely payed off before the wedding.

    Post # 8
    786 posts
    Busy bee
    • Wedding: September 2014

    For my first undergrad I had a pell grant, a private scholarship and a subsudized loan.  This time around it’s only subsidized.

    Post # 9
    295 posts
    Helper bee
    • Wedding: October 2014

    All four as well! The private for undergrad is pretty frustrating, because I didn’t qualify for financial aid due to estimated family contribution, but I paid for all of it on my own. I’m done with graduate school in less than a year, and I’m anxious about everything starting up. 

    Post # 10
    515 posts
    Busy bee
    • Wedding: September 2012

    A grant isn’t a loan… just FYI.

    I had both subsidised and unsubsidised loans, a Pell grant, and a scholarship. All for a degree that ended up being a huge waste of time and money… meh.

    Post # 11
    4653 posts
    Honey bee
    • Wedding: August 2013

    I have the Pell grant, the oregon opportunity grant, scholarships (both private and school given) and part of a Subsidized Loan (not the whole amount) with that I am able to stay home with the kids and focus on school. I am planning on paying off the loan as I go (before school is over) also too!

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